From what I read it's kind of a hybrid. It's more "Marlin" than Remington with a Savage-like" trigger.
Instead of hammer forged barrel it has a button rifled barrel.
If you want a rifle to shoot, at a good price, it could be a good deal. If you want a rifle to "build on" you'd be better off with one of Reminton's 700 "entry level" rifles. The aftermarket for the 783's may not be there any time soon. With the 700's there are hundreds of options from stocks, triggers, bolts, etc.
You can buy one right now from Cabels's for $299 and it includes a 3-9X40 Scope. Sounds like a good hunting rifle you won't cry over much if it gets dropped and falls to the bottom of a ravine.